Welcome to 8805 Cassidy Lane in The Lakes of Cross Oak Ranch, south of 380. Tucked on a quiet interior cul-de-sac lot, this meticulously maintained 4 bedroom, 2 bath home also features a dedicated office with glass French doors and charming built-in window seats. Inside, you’ll find an open, inviting layout with hand scraped hardwood floors in the main living areas and primary bedroom. The kitchen is thoughtfully updated with new stainless steel Frigidaire appliances installed in 2026, including an oven with built-in air fryer, granite countertops, travertine backsplash, large center island, abundant cabinetry, and a walk-in pantry. It flows seamlessly into the spacious family room, highlighted by a wall of windows that fills the space with natural light. The private primary suite offers dual sinks, a garden tub, separate shower, and a generous walk-in closet. Secondary bedrooms are well sized and provide comfort and privacy for family or guests. A full-size utility room with built-in cabinetry adds everyday convenience. This home is equipped for modern living with a smart thermostat, AT&T fiber internet, a dedicated Cat 5 drop in the office, and smurf tubing for easy wall-mounted TV installation. Fresh interior and exterior paint enhance the move-in-ready appeal, and with no city taxes, you’ll benefit from added long-term savings. Step outside to a backyard designed for relaxation and entertaining. Enjoy the covered patio, board-on-board fence, and organic soil vegetable garden ready for spring planting. Whether hosting friends or enjoying a quiet evening, this outdoor space offers flexibility and privacy. Residents of The Lakes of Cross Oak Ranch enjoy access to two pools, miles of walking and biking trails, two catch-and-release lakes, and playgrounds. Conveniently located near Lake Lewisville and just a short drive to Frisco attractions like The Star, PGA Frisco, and the upcoming Universal Kids Resort, this home offers both lifestyle and location.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
